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Marrrta [24]
3 years ago
11

You invest in $5,000 in an account earning simple interests. The balance after 6 years is $6,200. What is the interests rate?

Mathematics
1 answer:
shtirl [24]3 years ago
4 0

Answer:

The interest rate is 4% per annum.

Step-by-step explanation:

Let the interest rate that I am getting is r% per annum.

So, my $5000 investment becomes $6200 after getting r% simple interest for 6 years.

So, from formula of simple interest we can write  

6200 = 5000(1 +\frac{rt}{100})

⇒ 1.24 = 1 + \frac{6r}{100}

⇒ \frac{6r}{100} = 0.24

⇒ r = 4%

Therefore, the interest rate is 4% per annum. (Answer)

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Answer:

Number of one-dollar bills each child gets: 12 dollars

Dollars left over: 1 dollar

Step-by-step explanation:

25/2=12.5

so round down to 12 cause 13(2) is 26 and you only have 25.

so 12(2)=24.

Each kid will get 12 dollars and there will be 1 dollar left over.

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Answer: The y-intercept is 1

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What is 4855/200 simplified
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Answer:

The answer is 2427.5

Step-by-step explanation:

The fraction consists of two numbers and a fraction bar: 4,855/200

The number above the bar is called numerator: 4,855

The number below the bar is called denominator: 200

The fraction bar means that the two numbers are dividing themselves.

To get fraction's value divide the numerator by the denominator:

Value = 4,855 ÷ 200

To calculate the greatest common factor, GCF:

1. Build the prime factorizations of the numerator and denominator.

2. Multiply all the common prime factors, by the lowest exponents.

Factor both the numerator and denominator, break them down to prime factors:

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